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For Immediate Release:
| Indonesia Insurance Industry |
| Web-Press-Release, March 13, 2012 - Bharatbook from its exhaustive collection has come out with a report " Indonesia Insurance Industry " which gives an overview,?Demand, Supply Trends and industry analysis reports. |
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Scope
* Industry Profile ? Overview of the Indonesia Insurance Industry,
statistics of people with life insurance, inflation trend graph of Indonesia,
size of the insurance industry, number of insurance companies, total ets and
investments of the Indonesia insurance industry (including the life,non-life,
reinsurance, social insurance program&workers? social security, insurance for
civil servants&armed forces), growth trend of the insurance industry,
performance of the industry, gross premiums and claims of all business lines,
net premium of non-life insurance and reinsurance business, retention ratio of
the Indonesia insurance industry.
* Market Trends and Outlook ?Impact of minimum capital requirement and minimum
solvency requirement on the insurance companies, number of insurers license
revoked due to the requirements set by the Ministry of Finance(MoF), prospects
and development of the Indonesia insurance industry, potential of Islamic
Insurance industry/Takaful Industry in Indonesia, market entry requirements for
the foreign insurance companies.
* Leading players & Comparative Matrix - Company profiles of leading industry
players, performance, company key financials, major developments and SWOT
analysis of competitors.
* Companies mentioned: PT Asuransi Allianz Utama Indonesia(Allianz), PT Asuransi
Sinar Mas (Sinar Mas), PT Panin Life Tbk(Panin)
http://www.bharatbook.com/market-research-reports/insurance-market-research-report/indonesia-insurance-industry.html
Reasons to buy
* Get market insights and intelligence of the Indonesia Insurance Industry
for business planning, strategy formulation, academic and consulting purpose.
* Identify business, t venture, merger and acquisition, partnership,
trading, foreign direct investment opportunities in the Indonesia Insurance
Industry.
* Understand your competitors and competitive landscape based on the detailed
SWOT analysis and major developments provided
business credit report
Highlights of the report
* Total ets for life insurance peaked at IDR90,688.1bn in the year 2008,
a decrease of 1.13% from the prior year. Non-life insurance had aculated
total ets amounting to IDR 22,734.9bn, achieving a growth rate of 19.27%
Y-o-Y.
* Because non-life insurance usually involves short-term contracts, time
deposits are a higher proportion of the investment portfolio for non-life
insurance than for life insurance companies, amounting to 46.5% in 2008.
* For instance, Taiwan and the Philippines have the ratio of 47.5% and 53.4%
respectively. Indonesia?s low ratio is a result of the industry?s low equity and
therefore, it is only able to retain a small portion of their gross premium
generated.
* Firms must also meet specific minimum solvency requirement. The MoF has set a
condition that insurance companies must maintain their Risk Based Capital (RBC)
at a minimum of 120%. 14 insurance companies had their licence revoked by the
Indonesian Government as they were unable to fulfill the requirement.
* In 2009, Sinar Mas attained growth in its underwriting result, which reached
IDR 190 bn, an increase of 16.5% when compared to the previous year.
Summary
ID Insurance provides an overview of the insurance sector in Indonesia and
its size, performance and value. Next to India and China, Indonesia represents
one of the largest potential insurance markets in Asia. The country?s 13,000
islands are home to more than 210mn people, out of which only less than 10% have
life insurance.
This report also comprises the market trends and outlook of the insurance
industry in Indonesia. Among others, the reports look at the regulatory issues,
sharia products and foreign insurers in Indonesia.
Also, this report includes the leading players in this industry as well as their
financial highlights and SWOT analysis. Indonesia?s major insurance players
include PT Asuransi Allianz Utama Indonesia, PT Asuransi Sinar Mas and PT Panin
Life Tbk.
For more kindly visit :
Indonesia Insurance Industry
Or
Bharat Book Bureau
Tel: 91 22 27810772 / 27810773
Fax: 91 22 27812290
Email: info@bharatbook.com
Website: www.bharatbook.com
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Bharat Book Bureau
207, Heremes Atrium,
Navi Mumbai, Other 400614
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Telephone: 91 22 27578668
http://www.bharatbook.com |
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